Jump to content
CoinPeople.com

Man Sets Record Cash-In of Largest Penny Collectio


Guest Stujoe

Recommended Posts

Hmmm.... $13,000 accumulated over 39 years ... forfeiting an average of say 4% interest each year, plus the loss of buying power due to inflation, plus a 9% or so "service fee" to those generous ol' folks at CoinStar ... :ninja:

Link to comment
Share on other sites

Hmmm.... $13,000 accumulated over 39 years ... forfeiting an average of say 4% interest each year, plus the loss of buying power due to inflation, plus a 9% or so "service fee" to those generous ol' folks at CoinStar ...  :ninja:

 

That's true, but how many people would actually keep it in a savings account or invest pennies a day? Not too many. I'm guilty of the change hoarding myself. I don't quite have that much though. ;)

Link to comment
Share on other sites

I wonder what numismatic treasures he carelessly turned in? 09S VDBs, 22 plains, 55 DDOs? If I worked at the bank or even knew someone at the bank I would be begging for a chance to go through them. Heck, at only 13k, take out a quicky loan, buy them, go through them, and sell them back. I would take the bet that he could have doubled his 13k numismatically speaking.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
×
×
  • Create New...